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Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015
Dear Sir/Madam,
This is to inform you that the Company has invested an amount of Rs. 5 Crores in Redstart Labs (India) Ltd., wholly
owned subsidiary of the Company. The details of the transaction are given as under:
4. Objects and effects of acquisition (including This investment is to further strengthen Redstart
but not limited to, disclosure of reasons for financially enabling it to explore investment
acquisition of target entity, if its business is opportunities.
outside the main line of business of the listed
entity.
5. Brief details of any governmental or regulatory Not Applicable
approvals required for the acquisition.
6. Whether any governmental or regulatory Not Applicable
approvals required for the acquisition
7. Provide brief details of the governmental or Not Applicable
regulatory approvals required for the
acquisition
8. Indicative time period for completion of Immediate
acquisition
9. Nature of Consideration- whether cash Cash Consideration
consideration or share swap and details of the
same.
10. Cost of acquisition or the price at which the Rs. 5 Crores
shares are acquired.
11. Percentage of shareholding/control acquired The Company has agreed to acquire 500,000-0.0001%
and/ or number of shares acquired. Compulsorily Convertible Debentures (“CCDs”) having
face value of Rs. 100/- each, convertible within a period
not exceeding 10 (Ten) years, at any time from the date
of allotment on agreed terms and conditions.
12. Brief background about the entity acquired in Brief Background: Redstart is engaged in the business of
terms of products/line of business acquired, providing all types of Internet services, development of
date of incorporation, history of last 3 years software, consultancy, technical support for consumer
turnover, country in which the acquired entity companies, internet or SAAS providers, and any other
has presence and any other significant services in the area of information technology and product
information (in brief). development.
Thanking You.
Yours faithfully,
For Info Edge (India) Ltd.
CHINTAN Digitally signed by
CHINTAN ARVIND
ARVIND THAKKAR
Date: 2023.03.18
THAKKAR 10:55:37 +05'30'
Chintan Thakkar
Whole-time Director & CFO